Gold seen higher at $1800 due to Fed’s QE – Goldman Sachs

Dhwani Mehta FXStreet

Analysts at Goldman Sachs is out with their outlook on gold, in light of the US Federal Reserve’s (Fed) unlimited quantitative easing (QE) announcement.

Key quotes:

Gold is close to an inflection point following the Federal Reserve increased QE

Reaffirms their target of $1800 for gold.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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